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Is this agriculture activity

Direct Taxation

answered on 07-Apr-22 16:26

Rearing of fish or goat or any other livestock ,will it be considered as agricultural activities? And is is the agriculture income is exempted for nri also?

latest answer

Thanks for clarification

mani charan

mani charan

CA Final

3K+

3

505

Treatment of this dividend paid

Accountancy

answered on 07-Apr-22 15:33

Please explain

latest answer

Since the question is only about operating activities, there is no impact of dividend paid. You need to directly start from Net profit before taxation.

Anoop P K

Anoop P K

CA Final

2K+

1

524

ESOP

Direct Taxation

answered on 07-Apr-22 14:44

Will the company book ESOP as expenses ?

latest answer

When the employee has exercised the option - the difference between the FMV (on exercise date) and exercise price is taxed

Rakshith C R

Rakshith C R

CA Final

35K+

4

448

The Companies Act 2013 - Seperate entity

Corporate & Other Laws

answered on 08-Apr-22 09:56

Whether directors are agents of the company or not?

latest answer

ok Thank you mam. seems the mistake is in Material .

Aswin Chandar

Aswin Chandar

CA Final

40K+

7

578

Single entry

Accountancy

answered on 07-Apr-22 16:02

In this case Avl helped a friend by encasing a cheque ,does it mean that friend had issued the cheque to creditor but due to insufficient balance in account it got dishonoured and so,avl sent money to his friends account ?

latest answer

Ok thanks

pradyumna hariramani

pradyumna hariramani

CA Inter

290

6

521

How we come to the conclusion that machinery balance on b/s net of provision for depreciation

Costing

answered on 07-Apr-22 14:55

How we come to the conclusion that machinery balance on b/s net of provision for depreciation.

latest answer

Generally if nothing is mentioned, we assume it to be net of provision. If question mentions (at cost) - then its gross block If depreciation is given separately in TB, then the Machine is at cost

Anoop P K

Anoop P K

CA Final

2K+

1

569

MCQ

Corporate & Other Laws

answered on 07-Apr-22 11:12

MCQ 3RD question, Answer C or D

latest answer

Yes

I aM DeV

I aM DeV

CA Inter

4K+

3

516

Is calculation done is wrong

Corporate & Other Laws

answered on 10-Apr-22 14:03

Answe is d

latest answer

There seems to be some error in the options. According to Section 181, the calculation of 5% of the average net profit of preceding 3 financial years comes to Rs. 2,00,000. There's a possibility of errors at times in the material.

Gopika Bansal

Gopika Bansal

CA Final

2K+

1

472

Claiming ITC on inward supplies which is RCM based

Indirect Taxation

answered on 07-Apr-22 08:56

I recently encountered a question which is of 8 [compulsory qs] marks. My question is that, if you are availing legal services for a business that is inward supply, we generally pay GST through an electronic cash ledger right? But my main doubt and confusion are that should we add that GST value of RCM supplies while computing ITC Available???

latest answer

Yes

AAYUSH GUPTA

AAYUSH GUPTA

CA Final

2K+

1

515

Material costing

Costing

answered on 06-Apr-22 23:59

Normally Re order point formula is= safety stock+ lead time consumption In one question I found that re order point or re order level Is re order point and re order level is equal

latest answer

Hooo Okay cool Thank you

Mr M

Mr M

CA Final

3K+

5

473